On the Instability of Bitcoin Without the Block Reward

Bitcoin instable

So I want to buy bitcoins to pay with them but I am scared to loose money because it's so instable.
submitted by trobi420 to darknet [link] [comments]

Bitcoin instability continues, nosedives to below $10,000

Bitcoin instability continues, nosedives to below $10,000 submitted by AmySharpton to mashable [link] [comments]

Why 'stable coins' are no answer to bitcoin's instability: New cryptocurrencies such as Tether may be pegged to the dollar, but they have big flaws

Why 'stable coins' are no answer to bitcoin's instability: New cryptocurrencies such as Tether may be pegged to the dollar, but they have big flaws submitted by lughnasadh to Futurology [link] [comments]

Stablecoins Won't Fix Bitcoin's Instability: Berkeley Prof

Stablecoins Won't Fix Bitcoin's Instability: Berkeley Prof submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Why 'stable coins' are no answer to bitcoin's instability

Why 'stable coins' are no answer to bitcoin's instability submitted by GriffonsChainsaw to technology [link] [comments]

[Tech] - Why 'stable coins' are no answer to bitcoin's instability

[Tech] - Why 'stable coins' are no answer to bitcoin's instability submitted by AutoNewsAdmin to GUARDIANauto [link] [comments]

Opinion: stablecoins are no answer to bitcoin's instability #cryptocurrency #crypto #altcoin https://t.co/1Th7fEuFg0 - Crypto Insider Info - Whales's

Posted at: September 13, 2018 at 08:37PM
By:
Opinion: stablecoins are no answer to bitcoin's instability #cryptocurrency #crypto #altcoin https://t.co/1Th7fEuFg0
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Bitcoins instability wont be cured by Stablecoin: Berkley Professor

Bitcoins instability wont be cured by Stablecoin: Berkley Professor submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Stablecoins Won't Fix Bitcoin's Instability: Berkeley Prof

Stablecoins Won't Fix Bitcoin's Instability: Berkeley Prof submitted by Madginger_official to Bitcoin [link] [comments]

Bitcoins instability wont be cured by Stablecoin: Berkley Professor

Bitcoins instability wont be cured by Stablecoin: Berkley Professor submitted by cryptoallbot to cryptoall [link] [comments]

On the Instability of Bitcoin Without the Block Reward

My main long term concern with Bitcoin has, for awhile, been the question of what happens when the block reward / subsidy gets close to zero. I have heard many reasonable concerns expressed about the prospect of a bitcoin without block subsidies, and no convincing rebuttals.
So on this eve of the third halving, I'd like to raise this concern for discussion. To facilitate the discussion, I want to share a paper I'm currently reading, titled 'On the Instability of Bitcoin Without the Block Reward'. (PDF) Basically, they argue that in this scenario, option two can potentially be more profitable for a miner than option one. If you don't intuitively see it, I'd recommend reading at least the first page or so of the paper for a description of the problem.
I'd also like to note, explicitly, this paper isn't arguing that fees can't replace block rewards. It's saying that this problem exist even if fees replace block rewards 1:1.
That said, I do also worry that fees will have a very hard time replacing block rewards. Right now, even after the halving, each block is worth over 50,000 USD. Since a block can contain at most about 6,000 transactions, you're looking at fees of about 8 USD per transaction, absolute minimum. Even for opening/closing a Lightning Channel, that feels high. Sure, it'd be nothing to large institutions, but is that the future we want for bitcoin, a chain that prices out common users? And while it's true that the chain could operate with less rewards going to miners overall, that would have negative implications for security and transaction finality.
Worse yet, it seems, is that without a subsidy, the security of the chain absolutely depends on this fee market developing. There needs to be a backlog of transactions for the chain to function function. Clearing the mempool becomes bad because 1 sat/byte fees aren't going to be adequate to secure the chain.
So those are my thoughts on this. What are yours? I'd love to see some good and polite discussion around this topic, either around the specific concerns I've raised, or other concerns related to block subsidy reductions.
submitted by MoneroArbo to CryptoCurrency [link] [comments]

**DOLLERO NEWS** Can Bitcoin benefit from the instability of the monetary system?...The Covid-19 pandemic has caused people's daily lives to change completely for a while. However, the monetary policies of central banks around the world have also changed, which may suit Bitcoin in the long run 🏦🔥

**DOLLERO NEWS** Can Bitcoin benefit from the instability of the monetary system?...The Covid-19 pandemic has caused people's daily lives to change completely for a while. However, the monetary policies of central banks around the world have also changed, which may suit Bitcoin in the long run 🏦🔥 submitted by DolleroTechnology to u/DolleroTechnology [link] [comments]

Given the instability of the Lebanese banking system have any locals decided to buy Bitcoin?

I see mixed reports "15K USD Bitcoin in Lebanon" "No the Lebanese are not buying Bitcoin..." can someone on the ground give some insight as to whats going on there regarding crypto? Is anyone using USDT? or DAI? or any other form of crypto? Thanks In Advance [serious answers from locals please!]
submitted by Madcapslaugh to lebanon [link] [comments]

There is no doubt that the world is entering a period of financial instability. That is why it is more important than ever to understand how Bitcoin works. Save $1.99 and get The Crypto Mindset, a beginner's guide to the world of cryptocurrencies - free today on Kindle!

submitted by IvicaMil to FreeEBOOKS [link] [comments]

Monetary Instability Will Lead Bitcoin To Replace Gold

Monetary Instability Will Lead Bitcoin To Replace Gold submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Chances are we're entering a period of financial instability. If you always wanted to find out how Bitcoin works, you can do it now by reading The Crypto Mindset - get your beginner's guide to cryptocurrencies free on Kindle for the next 24 hours!

submitted by IvicaMil to FreeEBOOKS [link] [comments]

Do you guys think that the price increase is due to the instability of markets because of the markets? Do you think bitcoin will be everyone's hold during the upcoming recession?

Do you guys think that the price increase is due to the instability of markets because of the markets? Do you think bitcoin will be everyone's hold during the upcoming recession? submitted by Patagonia246 to Bitcoin [link] [comments]

Is Bitcoin a Safe-Haven Asset in Times of Market Instability and in the Midst of the Coronavirus?

Is Bitcoin a Safe-Haven Asset in Times of Market Instability and in the Midst of the Coronavirus? submitted by n4bb to CoinPath [link] [comments]

Is world instability in favour of Bitcoin?

From my past experience, I see BTC price hikes up once something crazy happens in the world and price goes down once situation gets stable.
submitted by RomanEmpire75 to Bitcoin [link] [comments]

What does the US government shutdown mean for ETH?

edit: Government shutdowns are a somewhat regular occurrence and not usually catastrophic. However, this shutdown is certain to delay any government regulation of crypto in the US as well as delay any approval of derivative financial instruments. This article further speculates the possibility that distrust in government may inspire trust in decentralized currencies as an alternative
History shows that when anarchy breaks out, Bitcoin's value skyrockets. But does ETH's value jump? Will the government shutdown in the US be reflected in crypto prices?

TL;DR - ETH has not historically been used as a "safe haven" asset when anarchy breaks out. Bitcoin was the defacto "safe" crypto that Zimbabwe and Venezuela relied on in 2017. Based on that, a government shutdown is most likely to positively effect Bitcoin price if it affects crypto prices at all. ETH price is historically correlated to Bitcoin price and will likely track BTC price movements

When economies become unstable, Bitcoin instability seems more palatable and Bitcoin becomes a substitute currency. Obviously, if a national currency might fall 90% in a year, Bitcoin's 30% tumble in a week seems pretty tolerable to that nation. We saw this in Venezuela and Zimbabwe in 2017.
In the past, people looked to gold as a "safe haven" asset for when sh#t got cray. Most informed investors don't store value in gold for its stability (everyone has seen the charts and knows its volatile). They stored value in it because of its supposed lack of correlation to other financial asset. The belief is that if modern markets fail, the USD crashes, banks meltdown and anarchy ensues, then gold will retain its value because gold has decentralized trust in it's value - proven by thousands of years of decentralized currency exchange.
Similar to the anarchist value of gold, Bitcoin has value in anarchy. That's why it skyrocketed in price when financial anarchy broke out in Venezuela and Zimbabwe. But here's the thing: When utter hell breaks lose, you can't buy gold - gold became centralized when the central banks and exchanges became the only way to buy or sell gold. But if you can connect to the internet, you can buy Bitcoin. And so many Zimbabweans and Venezuelans did when all else was falling apart.
You can see that the needed stability to be a good "store of value" isn't just about current price volatility, but rather, in an implied trust that somebody, somewhere will be willing to buy my Bitcoin's if I f*#cking need to sell them f%!king now.
Can ETH have the same anarchist value? I don't know. Historically, ETH isn't a currency of choice in times of chaos but it does tend track BTC price. In the future, it depends on Dapps. A Dapp network that supports Crypto Kitties doesn't seem too valuable when your own real cat just got blown to pieces by insurgents. Let's hope that 2018 brings smart contracts that we can rely on when we can't even rely on our own government
submitted by admin_default to ethtrader [link] [comments]

Bitcoin thrives on geopolitical instability

A friend of mine has an interesting point of view : "Bitcoin thrives on instability of States".
Those last few months, we've seen a rise of protests. Inequalities, poverty, corruption etc. People seems to have enough. With the incoming economic crisis, those difficult situations won't improve.
It feels like we are on the edge of a shift. I won't try to predict which form it will take, but as people distrust increasingly their government, Bitcoin has a chance to be a part of it.
submitted by 2Synce to Bitcoin [link] [comments]

Backing Bitcoin in Times of Financial Instability might be a bad call

Backing Bitcoin in Times of Financial Instability might be a bad call submitted by paulemmanuelng to CryptoMarkets [link] [comments]

US Plan to Delist Chinese Stocks Could Trigger Massive Bitcoin Buying LIVE BITCOIN FLASH CRASH and EXTREME CRYPTOSPHERIC INSTABILITY Bitcoin Suddenly Plunged To $8,900 – And It May Kickstart A 3-Month Correction Bitcoin to zero debate  Jim Rogers Vs Simon Dixon  Bitcoin HARDTalk #1 Inflation versus Deflation - And why Bitcoin is changing economics forever

Bitcoin has demonstrated a remarkable stability in recent weeks. Since early September, it has traded in the range of $6000-$6500. Fundamentally, price stability should be a bullish sign for Bitcoin. Bitcoin, affectionately known as digital gold, has crossed the $11,000 mark for the first time in three weeks. The fresh round of bullish sentiments come at a time of global instability. This strengthens its case as a safe haven asset. Bitcoin trades above $11,000 for the first time in three weeks. //Source: TradingView Bitcoin’s connection to political upheaval has much to do with its circumstantial status as a so-called “safe-haven” asset, or an asset that can be used as a safe place to store value when another asset–for example, a nation’s fiat currency–is rapidly losing value. Such instability is likely to benefit Bitcoin, which is increasingly establishing itself as a globally recognized store of value. 2. Global Economic Instability. Bitcoin instability remains. April 6, 2020. 0. The virtual currency market, as well as the ordinary financial markets, is currently experiencing strong volatility under the pressure of the current coronavirus pandemic. For cryptocurrencies, however, a price fluctuation is a normal and natural phenomenon. Thus, some analysts liken the current

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US Plan to Delist Chinese Stocks Could Trigger Massive Bitcoin Buying

The Bitcoin market has shifted from a entirely speculative to a stable market, with charts exhibiting similar action to those in the forex markets, says Joshua Mahony of IG, as he brings forward ... Simon Dixon interviews billionaire investor, Jim Rogers, where they go head to head to debate Jim's recent comment about Bitcoin going to zero. About Jim Rogers: - A billionaire investor. - He's ... Bitcoin shows again volatility and instability in its value, according to the article written by Joseph Young, on Forbes.com. The current downtrend of this cryptocurrency may suggest a 90-day ... In this special episode of Boom Bust, we take a deep dive into cryptocurrencies and what the future of the sector holds. We begin with by analyzing crypto’s role in protests that swept the globe ... Banking on Bitcoin YouTube Movies. 2017 · Documentary; 1:23:41. LIVE / TOM TV TALKING POINT - “POLITICAL INSTABILITY IN MANIPUR" 17 JULY 2020 TOM TV 2,026 watching. Live now;

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